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"Bifo" Berardi

Fascinating interview with "Bifo" Berardi that might resonate with some quants.


Destroying banks isn’t useful if we are seeking emancipation from financial dictatorship. Financial power does not exist in the banks; it is embedded in software, in the techno-linguistic automatisms that govern daily life and the psychic automatisms of consumerism, competition and fear. ... Real power is in the cybersphere, in the algorithms of financial control, in the quantitative analyses that undergird trading, and so on.

Today’s predatory financial class has no territorial affinity, no interest in the future of particular communities. The accumulation of capital is no longer based on the physical properties or the growth of physical quantities of goods but on the abstraction of digital and financial signs.

... First of all because students are increasingly learning in small parcels, small fragments, small fractals of knowledge, and they are becoming more and more accustomed to think of their knowledge not as knowledge but as intellectual availability to exploitation. In North American forms of education this is already well established, it is nothing new. It is new in much of Europe and it has begun to provoke some reactions. But it is also a fact of a networked and globalized world.